On 30 June 2020, all the pieces modified in Hong Kong. On that day, the Chinese language Communist Celebration ended the de facto coverage often known as “one nation, two methods”. A mannequin that has been in impact since 1997 when the previous British colony got here below Chinese language sovereignty.
Because the new nationwide safety legislation was ratified on 30 June, the Xi Jinping authorities has unleashed an entire marketing campaign of actions geared toward taking full management of Hong Kong, which entails a big lack of civil rights corresponding to freedom of speech and the best to demonstration. However the query we are able to ask ourselves is, how may all these occasions have an effect on Hong Kong?
Allow us to not neglect that this particular autonomous area has change into one thing like a bridge between two very totally different worlds: on the one hand the Western world and on the opposite the affluent world of the brand new China. Hong Kong is the third largest monetary middle on the planet, behind solely New York and London. An essential place achieved because of its specific standing. Nevertheless, all the pieces is now altering and it isn’t clear how politics may have an effect on the monetary trade. And, take notice, as a result of China is rather more depending on Hong Kong than it seems at first look.
On this video we let you know all the main points about what is occurring, the explanation why Hong Kong has change into such an essential monetary enclave and the dangers which have now come to the floor.
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